Since the mainland lifted its control of the epidemic in 2023, the domestic economy has seen rapid growth. Entering 2024, the GDP data in the first quarter reached 29.62 trillion yuan, a year-on-year increase of 5.3%. The only fly in the ointment is that the revenge consumption, revenge house purchase, revenge employment, etc., predicted by some experts before, have not appeared. Many people are starting to complain that it is getting harder and harder to make money. In fact, it will take some time for the real economy to recover from its past.
In the face of the economic and social situation in the second half of 2024, some insiders said that the domestic economy may face great changes, and 6 pieces of advice are given to ordinary people. They are: 1. Don't invest in real estate; 2. Don't start a business blindly; 3. Don't resign easily; 4. Do not buy all kinds of financial products; 5. Don't borrow money to spend; 6. Don't apply for all kinds of membership cards. Let's find out:
First, don't invest in real estate
Since the second half of 2021, there has been a clear trend of adjustment in domestic real estate. First of all, housing prices in second- and third-tier cities such as Zhengzhou, Tianjin, and Shijiazhuang fell. In 2023, housing prices in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen have also fallen. Housing prices in first-tier cities have fallen by 30-40%. However, the worst drop in domestic housing prices is the Beijing property market, which generally fell by more than 50%.
Taking Yanjiao as an example, the house price fell from 45,000 yuan/square meter at the peak to 15,000 yuan/square meter. Obviously, the downward pressure on housing prices in various parts of the country is still relatively large. Therefore, if you are just in need and improving to buy a house, you can take advantage of the current bailout policy to buy a house. And if you want to invest in real estate, then you have to be cautious. Investing in property is very risky nowadays.
Second, don't start a business blindly
Nowadays, many people want to start a business because it is difficult to find a job, but in fact, the probability of success of entrepreneurship is not very high: on the one hand, after the epidemic, all walks of life are in a recession, many people's income has decreased or they are unemployed, and their spending power has been weakened. At present, the domestic consumer market is shrinking.
On the other hand, there is overcapacity in traditional industries, and competition between peers is fierce. Imagine, entrepreneurs have just set foot in a certain industry, and their capital and experience are very limited, so it is difficult to compete with senior large enterprises in this field. In such a situation, the probability of success of the entrepreneur is very slim.
Third, don't quit your job easily
In recent years, the domestic employment situation has been relatively grim. On the one hand, the efficiency of physical enterprises has declined, and they are laying off employees and cutting salaries, and the demand for recruitment market has shrunk. On the other hand, there are 11.78 million fresh graduates who want to enter the society this year, and they have to find jobs. In this case, if you have a stable job and income, it is still advisable not to quit easily. Because, once you choose to quit, now that the recruitment market demand has decreased significantly, it will be difficult to find a job.
Fourth, don't buy all kinds of wealth management products
Nowadays, many people like to take out their savings and buy a variety of high-yield wealth management products, so that they can get more investment returns. But in fact, the risk of buying various wealth management products is relatively large. In the past few years, there have been a large number of thunderstorms on domestic P2P platforms, resulting in heavy losses for investors. And now the A-share market has fallen below 3,000 points, and the stock market has lost its money-making effect. In addition, some funds lost money last year, and the losses of the people were as high as 20-30%. As for the bank's wealth management products, they have already broken the rigid exchange, and once there is a loss, the investor must bear it.
There are two main considerations why it is not recommended to buy high-yield wealth management products: on the one hand, the overall investment environment is not good, even experienced professionals are difficult to ensure that there will be no losses, let alone ordinary investors. On the other hand, ordinary people lack financial knowledge and experience, and if they rashly enter the risky investment and wealth management market, the probability of loss is very high. It's better to keep your money in the bank honestly.
Fifth, don't borrow money to spend
Under the current economic environment, I advise everyone not to borrow money for consumption easily, and to be debt-free and light. Because, if you develop the habit of borrowing money to spend, the debt snowball will get bigger and bigger, and eventually you will become insolvent. More importantly, consumers who are in debt are likely to be unable to repay their debts if they lose their jobs or their incomes are reduced. If you've been in debt before, it's imperative to try to reduce the size of your debt and pay off all of it gradually.
Sixth, don't apply for all kinds of membership cards
At present, some service industries such as beauty salons, fitness, bathing centers, and restaurants like to launch various membership cards for low-cost financing. As long as consumers purchase these membership cards, they can enjoy discounts. As a result, many people will choose to apply for a membership card.
However, many consumers have reported that not long after completing the membership card, the company closed down or closed down, and it is difficult for consumers to get back the money they put in the membership card. Therefore, it is recommended that you do not apply for various membership cards, if you really need to buy services from merchants, you can do it once. In this way, there will be no loss of money.